Michael Egorov, the founder of Curve Finance, predicts significant growth in specialized decentralized exchanges (DEXs) by 2025, particularly platforms designed for specific functions like stablecoin exchanges tied to various fiat currencies. He emphasizes that existing solutions for trading between stablecoins of different denominations are lacking and presents a challenge that needs to be addressed. The anticipated development of new stablecoins by financial institutions and blockchain developers is likely to enhance liquidity without incurring substantial losses. However, Egorov points out the necessity for regulatory frameworks to align with the rapidly evolving DeFi landscape, noting that current regulations are outdated and based on legacy systems. The U.S. recently took actions that could facilitate this growth, such as voting to repeal the IRS regulation for DeFi platforms to report financial data. The stablecoin market cap reached over $227 billion, showcasing robust adoption, with active stablecoin addresses increasing significantly. Reports indicate a high level of optimism among institutional investors towards stablecoins in 2025.

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